[captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] sarah: this is the diplomats they the world is now a safer place. >> today is a historic day. it is a great honor for us to announce that we have reached an agreement with the iranian nuclear issue. sarah: most world leaders are hailing the agreement as a step forward in negotiations.

the prime minister does not believe in the bailout deal he signed with creditors but he took responsibility for it and said he will try to enact its harsh terms. nasa celebrates the new horizon probe that sailed past the door lannett -- the dwarf planet pluto. i'm sarah kelly. thank you for joining us. world leaders have welcomed a deal to regulate iran's nuclear ambitions. u.s. president barack obama said it offered a chance for a new direction with relations in iran. the iranian president has pledged to never seek to build a nuclear weapon. as part of this deal, they have agreed to reduce the iranian -- uranium enrichment facility and a stop using the facilities to

enrichment uranium. it will reduce storage by 96% and will move or modify the core of the heavywater nuclear reactor in iraq so that it no longer -- billions of dollars in international sanctions relief. the negotiations were long and arduous. >> the relief among the negotiators was tangible. after a decade of negotiation deadlines to contain iran's deep in her program, a deal that many are calling historic. >> this is very much needed in these times. >> as someone who has been part of this for 10 years, the german prime minister said i am happy we have reached a point where an agreement has been reached that

will make the middle east and the yen to her a bit safer. >> it is a step away from the specter of conflict and toward the possibility of these. >> the agreement is to ensure tehran is not able to build atomic weapons. one allowing for the domestic use of nuclear power. stocks of enriched uranium are to be reduced and inspectors from the atomic agency are to be granted full access to all power plants. in return international sanctions will gradually be phased out. the iranian president also hailed the deal as it marks the beginning of a new chapter in iran's relationship with the world. and also pledged his country's commitment to the deal. this agreement is a bilateral deal, he said. on that basis, we stepped into a final deal.

if they remain faithful to it we will honor it. barack obama's statement, a rarity in the islamic republic. it is a triumph for both iran and the u.s.. obama has promised to reach out to historic enemies without forgetting the world security. obama: this meets every single one of the bottom lines that we established when we achieved a framework. the inspection and transparency regime necessary will be put in place to verify that objective. >> obama is threatening to use his veto if congress threatens to overturn it. the prime minister said the world had become a more dangerous place. >> what a stunning historic

mistake. israel is not bound by this deal with iran. israel is not bound by this deal with iran because i wrong continues to seek our destruction -- iran continues to seek our destruction. we will always defend ourselves. >> taking to streets to celebrate the landmark real. as some of them hoping their country can now open up to the rest of the world. >> we have reaction from around the world. the financial times correspondent there. we have heard that they have held this agreement a success. is that sentiment shared by the majority of iranians? >> yes many say this deal is compared to the economy and will

and relations in about a decade. thousands of people -- [indiscernible] sarah: what is next from the iranian side? has the deal been approved? >> yes, the deal has been approved. it is the ultimate decision-maker. [indiscernible] sarah: ok, so unfortunately, we will have to leave it there. it the sound quality is not great on the interview. we apologize to our viewers and we will try to catch up with you later in the show. let's get the latest from washington where richard walker

is standing by. u.s. president barack obama has held this deal a success. but there are many that passionately disagree with him. many are saying that this is a major disaster. >> the statements coming from the republican side in congress in the wake of this announcement, and also from many of the republican contenders for the presidential nomination. they will continue -- will not continued to -- there are fears that it will get distributed around organizations like hezbollah and the middle east that could cause trouble for

allies like israel. i think that many of the strongest critics simply wanted a deal that would not accept any uranium enrichment at all. whereas the obama administration, the other world powers involved, they accepted it was unrealistic. i think what a few critics of this deal are simply going to be an reconcilable to it. sarah: how strong is the opposition in the united states? could this be killed in congress? >> it is not likely. mitch mcconnell has said that it would be pretty tough. the reason is that barack obama has threatened to wield his veto

against any attempt to stop him implementing this deal. although a veto is not completely bulletproof, you need a two thirds majority in the house of representatives and the senate to override it. it would require a lot of democrats to join the republicans against their president. there are plenty of democratic skeptics of this entire process but it is not likely that enough of them would be willing to take such a strong standing against their president over such an important issue. sarah: we really appreciate all of that from washington. and israel is strongly against this agreement. it tied your kramer is following developments from jerusalem. israel is opposed to any deal with iran from the very beginning. and the country's politicians were very quick to react today.

>> they were. from the beginning of this process, there were very harsh statements. coming from mr. netanyahu and prime minister himself, the coalitions as well. this is a deal that has seen the here. this is a dangerous deal as many would put it. there is a lot of soul-searching . there is also some criticism leveled against mr. netanyahu. they say he took the wrong approach. now they have to -- all eyes are on the u.s. congress. they said that they are watching and basically they will be able

to lobby on the democrats to oppose this deal. sarah: it will be interesting to see if the lobbying happens and what kind of impact it might have. meanwhile, the u.s. defense secretary is on the way to israel. >> for example, the monetary expections that are not enough they say are not sufficient to keep them from developing nuclear weapons. and israel sees iran as a sponsor of terrorism here in the region. proxies like hezbollah in

lebanon. it simply is a problem here that will actually make iran stronger in the region and will lead to a shift in the balance of power here in the region. sarah: we could be looking at a new paradigm here. thank you very much. revenues can be distributed fairly. he has been addressing the nation in a prerecorded television interview. alexis tsipras says he does not believe in the deal that he signed but that he is willing to implement it and take responsibility for it. it comes on the evil of a crucial vote in the greek parliament. they need approval for new austerity measures. some of the toughest resistance is coming from his own party.

it might put alexis tsipras in a difficult position. most of the public supports angela merkel's uncompromising stance. >> germany's newspapers are jubilant. it be headlines reflect the mood in the country and within 60% of germans back there chancellor's hard line. >> she made herself clear. it was important is that she can get her message across. >> most germans agree with the finance minister for spending and pension cuts. 57% think that measures are appropriate. >> i'm not saying greece can't

do it but it would take a lot of willpower. it doesn't just come down to mr. alexis tsipras but all of society. >> only 18 percent believe it will implement the reforms. but despite the mistrust, a slim majority are in favor of greece remaining in the eurozone and receiving more money. and it looks as though the german parliament will approve more money for greece. sarah: still to come on the program, scientists rejoice as a spaceship that travel 5 billion kilometers finally reaches its destination. we will tell you all about it in just a few minutes. all that and more in just one

minutes time. don't go away.

sarah: welcome back. our top story at this hour. it u.s. president barack obama has said the iran nuclear agreement cuts off every pathway to iran obtaining a nuclear weapon. negotiators who had out the deal describe it as a new chapter in international relations. we go to our business desk for what the nuclear deal could mean for the world of business. >> oil prices came under pressure following the nuclear deal. the possibility of up to one million new barrels of iranian oil has raised the specter of a

fresh oil -- it increases the country's energy exports and will be good for our producers in iran and for consumers around the world. >> large quantities of oil will soon be flowing again. the country wants to produce millions of barrels a day. along with natural gas, saudi arabia, and canada, iran has the world's fourth-largest oil reserves estimated at almost 160 billion barrels. but those reserves went untapped. they are already flooding global markets. prices are likely to decline

further. >> time to see the effect of trading in new york. this iran deal must be a feast for speculators. >> we had volatile trading when it comes to the price of oil. there were some words on wall street that the timing for the u.s. oil producers could not be any worse. it there is a lot of oil flooding from iraq and saudi arabia. from the u.s., a lot of oil gets produced at the same time. all of that is putting pressure on the price of oil and at least the u.s. oil producers did not wait for any more barrels. it is quite iteresting to see. oil traded upwards.

it is not that surprising because if you look at markets you will buy on rumors and when it happens, you will buy on news. everyone suspected it was pretty likely. >> they have their crystal ball ready. in terms of oil prices, there has to be an upside as well. somebody has a winning situation. >> certainly. everybody wants to get a piece of the cake. if you look at the market overall, there needs to be rebuilding of the infrastructure. oil service companies would be happy to help cash in on that. $100 billion in cash. that money could be unlocked and

driving some big consumption companies in the united states, hoping to get their share. airline manufacturers are hoping to profit with what might happen in the next couple of years. we won't see any changes overnight. it will take time. >> it has been a black day for india where stampede has killed 27 at a hindu bathing ceremony. the situation was made worse by bad roads which prevented help from getting to the casualties. the countries infrastructure is virtually derelict even within large cities. the indian prime minister was elected on promises to turn india around. he will do everything possible to make india a global innovation hub. one strategy is the macon india campaign -- make an india

campaign. it expects gdp to grow surpassing asian rival china's growth for the first time since 1999. >> rush hour around-the-clock. jampacked with peoples and cars. every year an additional 15 million young people into the labor market. the government is aiming to top neighboring china as the global hub for manufacturing and services. billions are being earmarked for much-needed infrastructure improvements. the sorry state of india's roads is legendary and it's choking development. delhi also plans to cut streamlined state bureaucracy. aimed at boosting.

the road ahead is a long one. >> what is the economic mood like there. >> there is suddenly a lot of optimism. there is confidence that obstacles to economic growth will be removed. and economic prospects for the country look brighter than they have in years. it's also benefiting from the government. it is quite a big picture. >> a lot of optimism there but

you are plagued with red tape and infrastructure problems. >> they organize the infrastructure the way that china has done. unlike china which has millions of people off of farms and in the factories, india has not managed to grow and expand the manufacturing base in the same way. and other indicators. >> what major challenge would you want india to tackle first?

>> let's remember that many of these don't employ that many people. the great challenge is how to create more work. nine out of 10 indians don't even have a formal one. >> thank you for your insights. sarah: thanks so much, monica. we had to the biggest cycling race of them all the tour de france. after nine legs, the tour has moved to the low lands. he stamped his authority with a late attack beating his rivals in and on's firing fashion. -- an awe-inspiring fashion. >> off he went to steal the show. chris produced a brutal acceleration with just over six kilometers left.

he crossed the line almost a minute ahead of the sky team. >> for months, we have been doing this kind of training. it feels amazing that it has paid off now. >> he finished a must for .5 minutes behind -- almost 4.5 minutes behind. the other was over a minute behind in third. he proved today that in current form it is to be tough to take the yellow jersey off of him. sarah: after germany lasting nearly a decade and covering 5 billion kilometers, an unmanned assess spaceship has was past pluto -- whizzed past pluto. we get a glimpse of the surface

for the first time. >> pluto is getting a face. it geological -- geological service is now visible. the new images of pluto were sent from the new horizons spacecraft on the 11th of july just six weeks earlier. 's largest moon looked like this. just a few pixels. verizon's was launched in january of 2006 and is the fastest moving spacecraft ever to be sent into space. one year after takeoff, it flew by jupiter. it gained speed from the planet's gravity, the boost shorten the probes travel time dramatically. it gets detailed data on

jupiter, measuring the magnetic field and beaming back images of its four largest moons. the spacecraft got pictures and the ring of dust. now new horizons has reached its goal. the probe flew past pluto and the moon on tuesday. a series of careful maneuvers and observations mapping out the surface. two weeks later, it will begin december data it collected back to earth. sarah: you are watching the w news from berlin. don't forget you can get the very latest news and information around-the-clock on our website.

"euromaxx highlights." and here's your host, louise houghton. houghton: hello, and a warm welcome to the highlights of the past week. there's a lovely range of topics here today, so let's take a quick glance at three of the stories. "selling point," looking for new collectors' pieces at art basel; "through the ages," an exciting new shoe exhibition that opened in london; and "heading north," "euromaxx" takes a trip to the scottish

highlands. did you know that the highest price ever paid for a work of art was 265 million euros?